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QUESTION 4 Which of the following represent reasons why NPV profiles cross? 1. A high discount rate favors small projects. 11. A high discount rate

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QUESTION 4 Which of the following represent reasons why NPV profiles cross? 1. A high discount rate favors small projects. 11. A high discount rate favors early cash flows. Projects that are larger in size are favored by a low discount rate. I and II only oll only O land Ill only O I, II, and III O I only

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